Blue Horseshoe Stocks: Momentum Plays & More

 Possible Momentum Plays

We’re looking at a pair of stocks this morning that have broken out, and that we’d like to monitor on the chance that they produce sustained uptrends.

Leading Brands, Inc. LBIX – This was a fairly illiquid stock until just recently, when it broke out of a mundane pattern of low volatility and began a run into blue skies which lasted from Tuesday through Friday. We’ll stay wary of the possibility for course corrections, but a dip-and-rip scenario could definitely come into play here in coming sessions. The volatility has ramped up in a huge way, which is what we always look out for as swing traders.
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22nd Century Group Inc. XXII – In the case of XXII, the stock has traded in a fairly predictable pattern over the past few months, during which time it has formed a solid upward channel. The company also recently closed a $54M direct offering at 2.65/share. We’ll look for this one to continue to build, keeping an eye on it as we kick off a new trading week.


Walt Disney Co. DIS – Options Ideas

We also want to signal a couple of options ideas for Disney, which has a pretty nice bottom setup on the chart, trading near its lowest per-share pricing since December.

For a near-term idea, we’re going to be looking at the DIS Weekly $96-98 Calls and the DIS 11/24 $98-99 Calls in the event of an extended recovery, which seems due at any time now.


Extended Watchlist:
ABEO, CARA, CLSN, NETE, TRXC, RT, IBIO

Blue Horseshoe Stocks: RT Recap, Fresh Ideas & More

Ruby Tuesday, Inc. RT – Update

It was in our premarket report the Friday before last that we perfectly called the bottom on Ruby Tuesday, as the stock registered a new 52-week low of 2.08 that day. It spent last week pushing its way ever upward, reaching a high of 3.20 on Friday, which works out to an increase of 54%

The extended term options idea that we formulated, the RT 11/18 $2.50 Calls, have also broken out as a result. From the low of .05 on the morning of our first alert, to Friday’s new high of .60 represented an astonishing one week swing of 1100%

We’ll want to continue to keep ourselves abreast of the situation here as we kick off another trading week. We want to see RT continue to register higher support levels each day, and with plenty of time left until the expiration of those contracts, a sustained rally for the stock would mean more gains on the options side of things as well.


Hasbro, Inc. HAS – Options Idea

We’re seeing another potential options trading opportunity unfolding with Hasbro this morning on the heels of its premarket earnings beat. In this case, the stock has also recently come down to 6-month lows, and is approaching heavily oversold territory.  As our regular readers are aware, we’re always on the lookout for plays of this nature. Our targets of interest will be the HAS Weekly $79-81 Calls, unless the stock breaks 81, in which case we’d roll our strike price up to match the activity.


Sipp Industries, Inc. SIPC

We want to tag SIPC for observation this morning after running across a new PR in which the company disclosed that it has retired 395 Million shares (>>View PR).

Additionally, the stock has been in the process of consolidating off of a recent run to nearly a penny, so we’re going to be on the lookout for a potential dip-and-rip scenario.


Extended Watchlist:
CTRV, NEON, ENZ, OMER, UBQU,
STOY(Bottom-Watch)

Blue Horseshoe Stocks: Weekly Wrap-Up & More

StrikeForce Technologies, Inc. SFOR

Our first order of business today is to update readers on the strong recent performance of SFOR; the stock has made a really nice move from its PPS following our most recent mention on 09/27 at .0083.

Yesterday it reached .0175, marking a 111% swing in just over two weeks’ time. We’ve been tracking SFOR closely since this spring, when we observed the stock trading as low as .0006. From that price point to yesterday’s new high represents an exponential increase of over 2800%


AngioSoma, Inc. SOAN

Yesterday was SOAN’s first ever appearance in our newsletters, and for a maiden mention, it ended up doing pretty well for us, with a solid intraday push.

The stock traded in a daily range from a low of .38 up to .50; a 32% run which occurred on volume which exceeded the monthly average by more than three times. It also closed at its high of day, a bullish occurrence which qualifies the stock for continued monitoring as a potential momentum play  as we prepare to close out another trading week.


Ruby Tuesday, Inc. RT – Update

Last Friday we signaled RT for both a potential bottom play and extended-term options call, and thus far it has panned out to a great idea in both respects. We called the bottom perfectly, seeing it trade as low as 2.08 that day, and inching its way up all week. Yesterday the stock reached a new high of 2.8599, marking a 37% move up.

That push allowed our options idea, the RT 11/18 $2.50 Calls, to make a fantastic move from a low of .05 up to .30. That works out to an even 500% rip, so congratulations to anyone who caught our timely alert and used it to their great advantage!
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Fresh Options Idea: We want to draw attention to JP Morgan on the heels of their premarket earnings beat this morning, and assign an options trading idea to correspond accordingly. We’ll focus on the JPM Weekly $68-69.50 Calls for potential daytrades, but remember, trading weekly options on a Friday is a high-risk proposition that should only ever be attempted by expert traders.

Additionally, please note that if the stock breaks the 69.50 barrier, we may need to roll up our strike price to the $70 Calls.


Extended Watchlist:
ABCE, AMMJ, GLRI, GLAG, ICRD, INVU, XXII